3 Bed Semi-Detached House, Refurb/BRRR, London, NW7 2BL, £875,000

22 The Broadway, Mill Hill, London, NW7 3NJ - 5 views - 5 months ago

Sold STC
Refurb/BRRR
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£480K - £1.4M
Sold Prices/m²£5K/m² - £7.8K/m²

 

 

Square Metres

~93 m²
Price/m²£9.4K/m²

Value Estimate

£592,747

 

 

End Value (After Refurb)

£880,750

Uplift in Value

+-5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£218,750

Stamp Duty & Legal Fees

£62,700

Refurb Costs

£49,200

Bridging Loan Interest

£22,969

Total Cash In

£355,369

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£880,750

Mortgage (After Refinance)

£660,563

Mortgage LTV

75%

Cash Released

£4,313

Cash Left In

£351,056

Equity

£220,188

Rent Range

£1,700 - £4,000

Rent Estimate

£2,326

Running Costs/mo

£3,238

Cashflow/mo

£-912

Cashflow/yr

£-10,939

Gross Yield

3%

Local Sold Prices

50 sold prices from £480K to £1.4M, average is £650K. £5K/m² to £7.8K/m², average is £6.5K/m².

PriceDateDistanceAddressBeds 
£750K09/230.03 mi32, Featherstone Road, London, Greater London NW7 2BN3
£750K09/230.03 mi36, Featherstone Road, London, Greater London NW7 2BN3
£670K04/230.09 mi42, Pursley Road, London, Greater London NW7 2BS3
£1.4M01/230.24 miValmara, 15, Tudor Close, London, Greater London NW7 2BG3
£625K04/210.26 mi9, Sebergham Grove, London, Greater London NW7 2AU3
£702K07/230.26 mi8, Sebergham Grove, London, Greater London NW7 2AU3
£480K10/230.3 mi47, Salcombe Gardens, London, Greater London NW7 2NU3
£675K03/220.3 mi21, Colenso Drive, London, Greater London NW7 2EY3
£715K03/240.31 mi26, Bampton Drive, London, Greater London NW7 2AY3
£660K06/210.31 mi14, Colenso Drive, London, Greater London NW7 2EZ3
£690K10/200.31 mi18, Bampton Drive, London, Greater London NW7 2AY3
£640K03/220.32 mi22, Bunns Lane, London, Greater London NW7 2NE3
£720K05/220.32 mi28, Colenso Drive, London, Greater London NW7 2EB3
£950K11/220.32 mi5, Copthall Drive, London, Greater London NW7 2ND3
£625K08/230.33 mi61, Bunns Lane, London, Greater London NW7 2DX3
£712K05/230.35 mi26, Colenso Drive, London, Greater London NW7 2EB3
£660K06/210.35 mi45, Colenso Drive, London, Greater London NW7 2EA3
£615K06/230.35 mi33, Woodcote Avenue, London, Greater London NW7 2PG3
£545K09/210.35 mi5, Woodcote Avenue, London, Greater London NW7 2PG3
£505K12/220.36 mi45, Woodcote Avenue, London, Greater London NW7 2PG3
£664K03/210.36 mi47, Colenso Drive, London, Greater London NW7 2EA3
£740K06/220.36 mi41, Colenso Drive, London, Greater London NW7 2EA3
£602.5K06/210.38 mi14, Salcombe Gardens, London, Greater London NW7 2NT3
£625K12/200.38 mi26, Salcombe Gardens, London, Greater London NW7 2NT3
£515K07/230.38 mi84, Salcombe Gardens, London, Greater London NW7 2NT3
£620K11/200.39 mi44, Longfield Avenue, London, Greater London NW7 2EG3
£575K12/200.39 mi32, Longfield Avenue, London, Greater London NW7 2EG3
£770K01/210.4 mi26, Bunns Lane, London, Greater London NW7 2DU3
£770K06/230.41 mi49, Salcombe Gardens, London, Greater London NW7 2NX3
£530K02/210.42 mi90, Rowlands Close, London, Greater London NW7 2DW3
£735K04/210.42 mi51, Longfield Avenue, London, Greater London NW7 2EH3
£700K06/210.43 mi78, Engel Park, London, Greater London NW7 2HP3
£527.5K12/220.44 mi83, Longfield Avenue, London, Greater London NW7 2SA3
£620K05/230.45 mi73, Engel Park, London, Greater London NW7 2HN3
£550K01/230.46 mi15, Burnham Close, London, Greater London NW7 2SE3
£615K09/230.46 mi11, Tithe Walk, London, Greater London NW7 2PY3
£653.5K03/210.47 mi16, Tithe Walk, London, Greater London NW7 2QA3
£700K06/210.49 mi78, Engel Park, London, Greater London NW7 2HP3
£750K03/210.5 mi22, Bittacy Rise, London, Greater London NW7 2HG3
£650K10/200.51 mi9, Tithe Close, London, Greater London NW7 2QD3
£585K06/210.51 mi19, Tithe Close, London, Greater London NW7 2QD3
£560K09/210.53 mi49, Grants Close, London, Greater London NW7 1DE3
£660K05/230.54 mi67, Bittacy Rise, London, Greater London NW7 2HH3
£580K09/230.57 mi156, Devonshire Road, London, Greater London NW7 1DJ3
£625K01/240.57 mi154, Devonshire Road, London, Greater London NW7 1DJ3
£530K12/220.61 mi4, Osborn Gardens, London, Greater London NW7 1DY3
£653K04/230.62 mi95, Devonshire Road, London, Greater London NW7 1EA3
£640K01/210.62 mi95, Devonshire Road, London, Greater London NW7 1EA3
£620K02/210.62 mi16, Marion Road, London, Greater London NW7 4AN3
£650K09/220.62 mi71, Hall Lane, London, Greater London NW4 4TJ3

Local Rents

10 rents from £1.7K/mo to £4K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,00009/240.18 mi-3
£2,00007/240.38 miRowlands Close, London3
£2,40008/240.41 miBittacy Rise, Mill Hill, London, NW73
£3,01206/240.43 miEngel Park, Mill Hill, London NW73
£2,30006/240.44 miLongfield Avenue, Mill Hill, NW73
£2,30006/240.45 miEngel Park, Mill Hill, London NW73
£1,75009/240.5 mi-3
£4,00007/240.54 miMilespit Hill, Mill Hill3
£2,20010/240.58 mi-3
£1,70010/240.59 mi-3

Local Area Statistics

Population in NW7

25,131

Population in London

4,771,921

Town centre distance

7.70 miles away

Nearest school

0.10 miles away

Nearest train station

0.82 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Buyer's market

Capital growth (5yrs)

+5%

Property History

Price changed to £875,000

January 27, 2025

Listed for £925,000

November 19, 2024

Floor Plans

Description

  • In need of modernisation +
  • Wide plot +
  • Driveway with parking +
  • Approximately 1.25 miles from Mill Hill Broadway +
  • Rear garden +
  • Sought after road +
  • Close to popular schools +
  • Scope to extend (stpp*) +
  • Council Tax Band F +

A rare opportunity to acquire this extended three bedroom semi-detached property occupying a wide plot, situated in this sought after turning between Wise Lane and Pursley Road, within easy access of popular local schools, Mill Hill Park and Arrandene open space and approximately one and a quarter miles from Mill Hill Broadway's shops and Thameslink Station.

The accommodation comprises two reception rooms, dining room, kitchen, three bedrooms, bathroom and separate wc.

Benefits include entrance porch, double glazing, gas central heating, approximately 52ft x 41ft rear garden backing onto allotments, attached double garage and driveway providing off street parking for several cars.

The property does require modernisation and offers scope to extend further or demolish the double garage and build another unit (subject to obtaining the necessary planning consents) and will only be sold unconditionally.

For further details and to arrange a viewing contact Ellis and Co Estate Agents.

Agent Details

Ellis & Co, Mill Hill

020 3872 3065

Next Steps?

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